Economic Basics CC5

Front

Supply is the amount of goods and services in a market.

Back

True

Front

The best way for consumers to invest their money to make it grow is by putting it in a savings account.

Back

False

Front

Examples of needs are Starbucks, game systems and Jordan shoes.

Back

False

Front

A consumer is a person who buys goods and services in a market.

Back

True

Front

Opportunity cost is the value of goods and services in a market available to consumers.

Back

False

Front

The money that is left after subtracting the cost of doing business.

Back

profit

Front

Goods and services sold in a country that were made in another country.

Back

imports

Front

Trade Barrier

Back

A restriction such as a tax that the government puts on trade items to protect producers

Front

Goods produced within a country and sold outside of the country's borders

Back

export

Front

Revenue

Back

The money earned by selling goods and services